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The Market as a Social Institution
What are the opinions of historians Bayly (1983) and Stein and Subrahmanyam (1966) upon non-market exchange existed in Indian rural areas even during the pre-colonial period?
They opined there were existed several non-market exchange systems like Jajmani system but simultaneously, these were incorporated into wider networks of exchange through which agricultural products and other goods circulated.
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In what ways is a market-such as a weekly market a social institution.
How many caste and kin networks contribute to the success of a business?
In what ways did the Indian economy change after the coming of colonialism?
Explain the meaning of commoditisation with the help of examples.
What is a status symbol?
What are some of the processes included under the label globalisation?
What is meant by liberalisation?
In your opinion will the long term benefits of liberalisation exceed its costs? Give reasons for your answer.
How can you state that markets are nothing else but a kind of social organisation?
What is kinship? Discuss the functions of kinship in Indian society.
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